PUBLISHER: The Business Research Company | PRODUCT CODE: 1409893
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409893
“Welding Fume Extraction Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on welding fume extraction equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for welding fume extraction equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The welding fume extraction equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Welding fume extraction equipment is designed to eliminate the fumes generated during metalworking processes such as welding and cutting to prevent excessive exposure to these fumes and gases.
The primary types of welding fume extraction equipment include mobile units, stationary units, and large centralized systems. Mobile units are typically equipped and designed for specific purposes, often installed in vehicles. These extraction systems find applications in various welding processes such as arc welding, resistance welding, laser beam welding, and oxy-fuel welding. They serve industries such as aerospace, automotive, construction, energy, oil and gas, marine, among others.
The welding fume extraction equipment market research report is one of a series of new reports from The Business Research Company that provides welding fume extraction equipment market statistics, including welding fume extraction equipment industry global market size, regional shares, competitors with welding fume extraction equipment market share, detailed welding fume extraction equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the welding fume extraction equipment industry. This welding fume extraction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The welding fume extraction equipment market size has grown strongly in recent years. It will grow from $2.63 billion in 2023 to $2.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historic period in welding fume extraction equipment can be linked to several factors including the enforcement of stringent occupational safety regulations, increased awareness about health hazards related to fume exposure, prevailing global economic trends affecting industrial sectors, government initiatives promoting workplace safety, and overall expansion within industrial domains.
The welding fume extraction equipment market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period for welding fume extraction equipment is likely driven by heightened awareness and stricter compliance with regulations, amplified focus on safeguarding worker health and safety, expansion across various end-use industries, global economic shifts, and the incorporation of IoT (Internet of Things) and automation. Key trends expected in this period encompass technological advancements, adherence to stringent regulatory standards, greater adoption of portable solutions, the adoption of environmentally sustainable practices, and increased collaborations and partnerships within the industry.
The growth of the welding fume extraction equipment market is significantly influenced by the rise in construction activities. Construction activities encompass the business and manufacturing aspects related to building, maintaining, and repairing infrastructure. Welding fume extraction equipment plays a crucial role in capturing fumes generated during welding operations in the construction sector, ensuring a safe working environment for site workers. This is particularly important as welding fumes are associated with severe health concerns, including lung disease and nerve damage. As an illustration, data from a 2022 report by the Bureau of Economic Analysis (BEA), a US-based government organization, reveals an increase in the size of the US construction industry from $1.916 trillion in the first quarter of 2021 to $2.016 trillion in the first quarter of 2022. The upward trend in construction activities is a key driver propelling the growth of the welding fume extraction equipment market.
The global automotive industry is anticipated to play a pivotal role in driving the growth of the welding fume extraction equipment market. Encompassing the design, development, manufacturing, and sale of vehicles, including automobiles, motorcycles, and commercial vehicles, the automotive industry extensively relies on welding processes, including robotic welding for intricate designs and precise parts. This widespread use of welding necessitates a higher adoption of centralized welding fume extraction equipment to comply with health and safety workplace regulations and mitigate the risks of exposure to hazardous fumes. This aligns with stringent regulations set by various authorities. Notably, estimates from Forbes project a 4% increase in global auto sales in 2023, reaching 89.7 million units. Additionally, the India Brand Equity Foundation (IBEF) anticipates the automotive industry in India to attain a valuation of $251.4-282.8 billion by 2026, further contributing to the growth of the welding fume extraction equipment market.
A dominant trend in the welding fume extraction equipment market is the emphasis on product innovation, with major companies striving to introduce cutting-edge solutions to maintain their market positions. Donaldson Co. Inc., a US-based vertically integrated filtration company, exemplifies this trend through the launch of the Torit Downflo Ambient weld fume extractor in February 2021. This innovative welding fume extraction equipment provides fabricators with the flexibility to weld in diverse workstation configurations, eliminating the need for hoods or ductwork. The collector efficiently extracts welding fumes, and features such as a dust disposal drawer and hinged access doors facilitate turnkey filter replacements. Additionally, the equipment is prewired with an integrated control panel, ensuring ease of installation.
Major players in the welding fume extraction equipment market are strategically focusing on launching new products to meet customer demands. Fronius International GmbH, an Austrian photovoltaic manufacturer, exemplifies this approach with the introduction of the user-friendly Exento extraction welding torch and two mobile, high-performance Exento extraction systems in December 2022. These new extraction solutions, comprising the ergonomically designed Exento fume extraction torch and the compact, mobile high-vacuum extraction system ExentoHighVac, offer effective protection against welding fumes. The coordinated duo addresses the demand for user-friendly and efficient welding fume extraction solutions.
In July 2022, Nederman, a Sweden-based industrial air filtration company, strategically expanded its market presence by acquiring RoboVent for an undisclosed amount. This acquisition positioned Nederman as a major player in the US weld fume extraction market. RoboVent, a US-based air filtration and industrial ventilation company, specializes in providing welding fume extraction equipment. The strategic move enhances Nederman's capabilities and market share in the welding fume extraction equipment sector, reinforcing its position as a key player in the industry.
Major companies operating in the welding fume extraction equipment market report are Air Liquide Welding S.A., Donaldson Company Inc., Filcar S.p.A., Kemper GmbH, Lincoln Electric Holdings Inc., Miller Electric Mfg. LLC, Pace International Corp., Parker Hannifin Corporation, RoboVent, Sentry Air Systems Inc., Environmental Systems Technology Group Inc., Air Cleaning Specialists Inc., PAT Technology Systems Inc., Fumex LLC, Air Impurities Removal Systems Inc., Vactagon LLC, Plymovent B.V., Nederman Holding AB, Airflow Systems Inc., Purex Corporation, AirBench Systems Inc., Diversitech Corporation, Abicor Binzel Schweisstechnik GmbH & Co. KG, ESAB AB, CLOOS SchweiBgerate GmbH, Cebora s.r.l., Handte Umwelttechnik GmbH, BOFA International Ltd., Dongguan VILLO Technology Inc., ULT AG Umwelt-Lufttechnik .
Asia-Pacific was the largest region in the welding fume extraction equipment market in 2023. The regions covered in the welding fume extraction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the welding fume extraction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The welding fume extraction equipment consists of sales of mobile fume extractors, stationary fume extractors, and extraction hoods. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.